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| China Supports New Round of WTO Trade Talks |
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SUN, NOV 11, 2001
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China supports the launch of a new round of multilateral trade negotiations on the basis of full consideration of the interests and reasonable requirements of developing countries, Shi Guangsheng, Chinese foreign trade minister and head of the Chinese delegation to the Fourth Ministerial Conference of the World Trade Organization (WTO), said in Doha on Saturday.
China believes that a new round should be conducive to the establishment of a fair, just and reasonable international economic new order, to the development of world economy as well as trade and investment facilitation, and to the achievement of a balance of interests between developed countries and developing countries, Shi said in a statement following the adoption of the Decision on China's Accession to the WTO at the ongoing ministerial conference.
WTO members need to face up to the obvious defects of the existing multilateral trading system so as to reflect the interests and demands of developing countries, said the Chinese minister.
He said WTO members should formulate the international trade rules of the new century through "equal participation and consultation," which would enable more developing countries to share the opportunities and interests brought about by economic globalization, help avoid further widening of the gap between rich and poor and protect some countries against being marginalized.
He emphasized the importance of differential treatment. He said full consideration should be given to "the development level of relevant industries of developing countries and special treatment be rendered to the extent and speed of their opening."
Shi described the road from Seattle to Doha as "by no means an easy path," but one that had generated profound thoughts and enlightenment.
Shi indicated his belief that by working together, WTO members would make continued contributions to the stability and development of world economy and trade.
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